New York § 2429 Rentals

New York Statutes

§ 2429 — Rentals

New York § 2429

JurisdictionNew York

Law PBAPublic Authorities

Title 17State of New York Mortgage Agency Act

Part 2No title

Art. 8Miscellaneous Authorities

This text of New York § 2429 (Rentals) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Public Authorities § 2429 (2026).

Text

  § 2429. Rentals. Notwithstanding the provisions of, or any regulation\npromulgated pursuant to, the emergency housing rent control law, the\nlocal emergency housing rent control act or local law enacted pursuant\nthereto, all dwelling units in a multiple dwelling the rehabilitation or\nconstruction of which commenced after July first, nineteen hundred\nseventy-eight and which is financed by a loan insured by the agency,\nexcept for dwelling units occupied by reason of ownership of stock in a\ncooperative, shall be subject to the rent stabilization law of nineteen\nhundred sixty-nine or the emergency tenant protection act of nineteen\nseventy-four, if applicable in the geographic area in which the multiple\ndwelling is located, beginning immediately after initial rents as\nestablished und

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§ 2429. Rentals. Notwithstanding the provisions of, or any regulation\npromulgated pursuant to, the emergency housing rent control law, the\nlocal emergency housing rent control act or local law enacted pursuant\nthereto, all dwelling units in a multiple dwelling the rehabilitation or\nconstruction of which commenced after July first, nineteen hundred\nseventy-eight and which is financed by a loan insured by the agency,\nexcept for dwelling units occupied by reason of ownership of stock in a\ncooperative, shall be subject to the rent stabilization law of nineteen\nhundred sixty-nine or the emergency tenant protection act of nineteen\nseventy-four, if applicable in the geographic area in which the multiple\ndwelling is located, beginning immediately after initial rents as\nestablished under applicable provisions of the rent stabilization law of\nnineteen hundred sixty-nine, the emergency tenant protection act of\nnineteen seventy-four or the private housing finance law for such\ndwelling units become effective on the basis of such rehabilitation or\nconstruction, provided that any occupant in possession of a dwelling\nunit that first becomes subject to the rent stabilization law of\nnineteen hundred sixty-nine or the emergency tenant protection act of\nnineteen seventy-four pursuant to this section shall be offered a\ntwo-year lease notwithstanding any contrary provisions of, or\nregulations adopted pursuant to, such law or act, at the initial rent\nestablished for such dwelling unit.\n